Hsbc Holdings PLC cut its stake in V2X, Inc. (NYSE:VVX – Free Report) by 48.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,091 shares of the company’s stock after selling 8,488 shares during the period. Hsbc Holdings PLC’s holdings in V2X were worth $496,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its stake in V2X by 4.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,986 shares of the company’s stock worth $217,000 after purchasing an additional 165 shares during the period. Comerica Bank grew its stake in shares of V2X by 79.1% during the 3rd quarter. Comerica Bank now owns 480 shares of the company’s stock valued at $28,000 after buying an additional 212 shares during the period. New York State Teachers Retirement System grew its stake in shares of V2X by 16.6% during the 4th quarter. New York State Teachers Retirement System now owns 1,762 shares of the company’s stock valued at $96,000 after buying an additional 251 shares during the period. Vident Advisory LLC increased its holdings in shares of V2X by 2.5% during the 4th quarter. Vident Advisory LLC now owns 10,778 shares of the company’s stock worth $588,000 after buying an additional 261 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its holdings in shares of V2X by 3.9% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 7,389 shares of the company’s stock worth $403,000 after buying an additional 276 shares during the last quarter. 95.18% of the stock is currently owned by hedge funds and other institutional investors.
V2X Stock Performance
Shares of VVX stock opened at $74.98 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.96. The company has a market cap of $2.35 billion, a PE ratio of 26.88, a P/E/G ratio of 0.60 and a beta of 0.22. The company’s fifty day simple moving average is $77.87 and its 200-day simple moving average is $71.00. V2X, Inc. has a 52 week low of $46.27 and a 52 week high of $91.80.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the company. Bank of America lifted their target price on V2X from $78.00 to $93.00 and gave the company a “buy” rating in a report on Friday, May 29th. Royal Bank Of Canada boosted their price target on V2X from $70.00 to $75.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 5th. Noble Financial restated an “outperform” rating on shares of V2X in a research note on Tuesday, June 2nd. Zacks Research upgraded V2X from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Finally, Raymond James Financial lowered V2X from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, V2X presently has a consensus rating of “Hold” and an average price target of $80.90.
Check Out Our Latest Stock Analysis on VVX
About V2X
V2X, Inc provides critical mission solutions and support services to defense clients worldwide. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian, and international clients. The company was incorporated in 2014 and is headquartered in Mclean, Virginia.
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